SATS Stock Code S58.SGX
Outlook
Price is trading far above the cloud, keeping the strong uptrend intact. Conversion and base lines remain in a bullish crossover. MACD is strong and bullish. These could increase chances of the stock price rebounding to move higher.
Strategy
S$2.88 Buy
S$3.13 Price Target
S$2.83 Risk Management Stop
3 weeks Trade Duration
SATS Stock Code S58.SGX
Outlook
Price rebounded after forming a base low at S$2.50. It moved and closed above the middle Bollinger band, which is also the 20-day moving average. The RSI is rising towards its neutral level. These could increase chances of the stock price moving higher.
Strategy
$2.62 Buy
$2.80 Price Target
$2.52 Risk Management Stop
3 weeks Trade Duration
SATS Stock Code S58.SGX
Outlook
Price is capped by its gap resistance for a second occasion yesterday. A bearish candle was formed after a spinning top candlestick pattern. The RSI is at the overbought zone and is turning down. The middle Bollinger band, aka the 20MA, is falling as well. These could increase chances of the stock price moving lower.
Strategy
$2.69 Sell
$2.45 Price Target
$2.78 Risk Management Stop
3 weeks Trade Duration
SATS Stock Code S58.SGX
Outlook
Price broke above the cloud and managed to stay above the cloud, keeping the uptrend intact. Conversion line and Base line remain in a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD is above the zero line and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous resistance high at $3.11.
Strategy
$2.83 Buy
$3.10 Price Target
$2.69 Risk Management Stop
3 weeks Trade Duration
SATS Stock Code S58.SGX
Outlook
After price reached a high of $4.30 on 17 February 2022, price went into a correction. During the recent price correction, the price was supported by the Conversion line with Base line acting as support at a lower point. Conversion line and Base line remain in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD remains above the zero line and is hinting at a bullish price trend. We think price is likely to move to the previous high at $4.40, in the next 2-3 weeks.
Strategy
$4.10 Buy
$4.40 Price Target
$3.92 Risk Management Stop
3 weeks Trade Duration
